@Nathan Rude So whatever business expenses that the rent from the other unit doesn’t cover, we will cover.

@Scott Voiers If you're gunning for the big stuff, amass capital equal to 30% of the big stuff purchase price, and ensure that your big stuff cash flow will cover monthly debt payments (DSCR).

Most of investors here on BP have desire to grow and hence having access to the quality team members that can cover the accounting/bookkeeping angle of the process is absolutely critical to any business to be successful!

I have the cash set aside in a bank account to cover the reno and all costs until it is rented and I can refi it.I just got an offer accepted on SFR #2.

A lot of the cons have been covered already but it just depends on what you're trying to accomplish.

If I use the HSA money for non-medical services, it is taxed as if it came from a Traditional IRA (at the earned income rate).Because most of us are going to need some type of long-term care in our final years and LTC is not covered by Medicare, people have to deal with it on their own (which currently costs in the $100K a year range).

Besides owner financing the remaining amount, how can I get a second mortgage to cover the remaining $135k?

Change all outlet and light switch covers. 9.

I just worked my numbers and Santa Rosa house will cash flow well enough to cover our heloc at the worse case scenario of 17%.

One problem you will run into if doing a $70K cosmetic renovation on a 5-plex in Old Louisville is that tenants who are attracted to the area and are willing to pay top dollar want the following:-Original historic charm (No covering up original wood floors, trim, etc)-Central heat and air (their own system, not shared)-Newer electric-Laundry and off-street parkingIf this happens to be the 5-plex on Ormsby, you may want to do some more digging on whether it is actually a 5-plex and if the basement unit can be legally used as an apartment or not.